Colorado’s marijuana industry experienced its most lucrative year on record with $2.2 billion in sales in 2020, a 25 percent increase over 2019.
According to figures released this week by the State Department of Revenue, dispensaries sold a total of $2,191,091,679.
The state collected $387 million in taxes in 2020. The tax money funds all sorts of projects in Colorado, including school infrastructure and public health research.
In the seven years since recreational marijuana became legal in Colorado, sales have reached $10 billion.
